Which of the following is a direct cost with respect to producing a motor car? a. Salary of production supervisor b. Plant utilities c. Depreciation of plant & equipment d. Cost of car engine
Q: ndicate whether each of the following costs of an automobile manufacturer would be classified as…
A: Direct material indicates the cost spend on material consumed in the product. Direct labor cost…
Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…
A: INTRODUCTION Direct Materials are the raw materials which are directly attributable for the…
Q: Which of the following is a direct cost of manufacturing a sport boat? a. Salary of an engineer who…
A:
Q: For each of the following, indicate whether the cost would typically be considered product or period…
A: Product costs are the costs that are directly involved in the production of a product. For a…
Q: Ehrlich Manufacturing produces small boats. The following list represents some of the different…
A: Product cost are those cost which incurred to produce the product. Example, direct material, direct…
Q: Indicate whether each of the following costs of an automobile manufacturer would be classified as…
A: Indicate whether each of the given cost of an automobile manufacturer would be classified under…
Q: 1. Wheels 2. Depreciation on worker's tools 3. Wages of assemblers 4. Grease for wheel axles
A: Wheels are considered as direct material because it is a part of the manufacturing unit,…
Q: A car manufacturer incurs the following costs. Classify each cost as either a product or period…
A: The costs are classified as direct, indirect and factory overhead cost.
Q: Which of the following costs would be included in the cost of a manufactured product according to…
A: Under variable costing method, only variable cost considered and included in production cost and…
Q: Match the activity with the most appropriate cost driver. Group of answer choices fringe benefits…
A: Fringe benefits is an additional benefit given to employees as per their productivity so its cost…
Q: Select the graph (A through L) that best matches the numbered (1 through 7) italicized descriptions…
A: Given:
Q: Listed below are several costs incurred during the year. For each cost match the classification that…
A: Ans. Period costs are the costs that are not directly incurred on manufacturing or production but…
Q: Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be…
A: Direct Material cost: Direct material cost is the cost of the material which is directly involved in…
Q: Identifying product costs and period costs Classify each cost of a paper manufacturer as either…
A:
Q: Within the accounting system of a group of companies, the following types of expenses are incurred.…
A: Cost item which are Considered within Property, Plant & Equipment :- Property, Plant, &…
Q: For the purpose of calculating CCA on office equipment and furniture, the costs are all grouped into…
A: Class 1: It includes building which are acquired after 1987. Class 10.1: The class 10.1 deals…
Q: State and classify the items as per Theory of constraints: 1.Depreciation of a machinery 2.Rental…
A: Theory of constraints is a method which was used to identify the constraints which is a key limiting…
Q: TB MC Qu. 1-72 The cost of lubricants ... The cost of lubricants used to grease a production machine…
A: Costs which are directly attributable to the individual items produced are called direct cost.…
Q: Which of the following costs may be classified as direct costs of a toy manufacturer? i Plastic used…
A: Direct cost is directly involved in the production process like material used directly in the…
Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…
A: Lets first understand the meaning of material, labor and factory overhead cost. Direct material…
Q: Which of the following is a fixed cost in an automobile manufacturing plant? 6. Sales commissions a.…
A: Fixed costs are those costs which will not change with change in activity level or volume. Variable…
Q: All are examples of a conversion cost EXCEPT: a. All the examples given are conversion costs b. The…
A: Conversion cost: This is the cost incurred to convert the raw materials into finished goods. These…
Q: all costs over the life of a product, with the exception of costs already spent on the desig
A: Life Cycle costing is basically a process to learn/know, how much money will be spent on an asset…
Q: Which one of the following discretionary fixed cost? The salary of the deputy manager of the factory…
A: Discretionary cost is the cost can be eliminated or reduced without at the discretion of the…
Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…
A: Direct material means the material used direct in production of any product. Direct labor means the…
Q: Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether each of the following…
A: Definition: Direct labor cost: The employees working on a particular job use time tickets to record…
Q: Select the appropriate classification for each of the costs incurred by a manufacturer of…
A:
Q: Thomas Traders WLL provide you with the following cost items. Analyse the cost description in Column…
A: Cost accounting means where every cost of doing business is recorded in necessary account and cost…
Q: An assembly-line used in manufacturing of a car is an example of: Select one: O a. Selling Costs O…
A: Assembly line used in manufacturing of cars is an example of direct labour cost. Because assembly…
Q: 23. Which of the following costs is relevant to a make-or-buy decision of a particular part of a…
A: Make cost is the cost in producing the product. Buy cost is the cost of purchasing or buying the…
Q: cost (C), or both (B) for a magazine publisher: a. Paper used for the magazine b. Wages of…
A: Prime cost is calculated as sum of direct materials and direct labor cost. Conversion cost is…
Q: Which of the following is a direct cost with respect to producing a motor car? a. Cost of car engine…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Which of the following is a direct cost with respect to producing a motor car? a. Cost of car engine…
A: Cost accounting:- Cost accounting helps the determine the overall cost that occurred at the time of…
Q: QUESTION 12 Which of the following costs is not a product cost? The cost of fuel used in the factory…
A: Product cost: Product cost is the cost which incurred to manufacture a product. It means it is a…
Q: a company is trying to decide whether to sell partially completed goods in their current state or…
A: In accounts and business decision-making, a sunk cost (otherwise called retrospective cost) is a…
Q: Which of the following is a direct cost with respect to producing a motor car? a. Salary of…
A: The question requires us to find Direct cost with respect to producing a motor car.
Q: State whether and how the following situations are possible or not on introducing a JIT system of…
A: Just in time is an inventory costing system used to value inventories where it has been used to…
Q: Required a. Determine the avoidable cost per unit of making the bike frames, assuming that Sturdy is…
A: Avoidable cost refers to those cost of the company which is eliminated or not incurred when a…
Q: Indicate whether each of the following costs of an automobile manufacturer would be classified as…
A: Direct material cost is that material that is directly related to the production activities. Direct…
Q: Identify the following costs as a prime cost (P), conversion cost (C), or both (B) for an automobile…
A: Prime cost: Prime cost refers to a cost which is directly involved in the process of manufacturing…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
- Arabica Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2012, they estimated total manufacturing overhead costs at $1,050,000, and they estimated total direct labor costs at $840,000. In June, 2012, Arabica completed job number 511. Job stats are as follows: Direct materials cost $27,500 Direct labor cost $13,000 Direct labor hours 400 hours Units of product produced: 200 crates How much manufacturing overhead was allocated to the job? O a. $5,000 O b. $34,375 O c $16,250 O d. $10,400Which of the following is a direct cost with respect to producing a motor car? a. Salary of production supervisor b. Plant utilities c. Cost of car engine d. Depreciation of plant & equipmentIdentify the following costs as a prime cost (P), conversion cost (C), or both (B) for an automobile manufacturer:a. Wages of employees that operate painting equipmentb. Wages of the plant managerc. Steeld. Oil used for assembly line machinery
- Which of the following costs may be classified as non-manufacturing costs? į Fuel costs of the delivery vehicles ii Indirect materials iii Rent of the office building iv Carriage costs on materials purchases Select one: A. i and iv B. i and iii C. iii and iv D. ii and iiiMatching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A through L) that best matches the numbered (1 through 7) italicized descriptions of various cost behavior. For each graph, the vertical (y) axis represents total dollars of cost, and the horizontal (x) axis represents output units during the period. The graphs may be used more than once. 1. The cost of depreciation. The asset being depreciated is a large piece of production machinery equipment where the straight-line depreciation method is used. letter _________ 2. The cost of operating a forklift. The forklift is used to move work-in-process inventory in groups of 100 units across the factory floor. letter _________ 3. The cost of direct materials. The first 2,000 pounds of direct materials are free because they are donated by the local city government. After that, the direct materials cost consists of a per-unit amount that decreases after a threshold of 2,500 total pounds is reached. letter _________ 4. The cost of inspecting finished goods inventory. Each unit is inspected by a quality expert who is paid the same amount for each unit inspected. letter _________ 5. The cost of product shipping for all output shipped in the period. The shipping cost per unit decreases with each unit shipped up to a certain number of units, at which time the shipping cost per unit remains constant. letter _________ 6. The cost of compliance with Environmental Protection Agency (EPA) regulations. An electric car plant manufactures car batteries. Part of the manufacturing process involves the emission of toxic chemicals into the environment, which is regulated by the EPA in the form of a fee assessed on a per-unit manufactured basis. The per-unit cost of complying with these regulations increases with every fifth battery produced. letter ______ 7. The cost of customer energy consumption. The local electric utility company uses a pricing system designed to encourage customers to conserve energy usage. Therefore, the rate per kilowatt-hour that is charged to customers increases with each hour the customer consumes. letter _______Complete this question by entering your answers in the tabs below. Required A Required B Required C Identify each cost as being a direct or indirect cost assuming the cost objects are the individual products (houses or projects). Items Wages of workers assigned to a specific construction project Supplies used by the Commercial Construction Division Labor on a particular house Salary of the supervisor of commercial construction projects Supplies, such as glue and nails, used by the Home Construction Division Cost of building permits Materials used in commercial construction projects Depreciation on home building equipment (small tools such as hammers or saws) Company president's salary Depreciation on crane used in commercial construction Depreciation on home office building Salary of corporate office manager
- Which of the following is a direct cost of manufacturing a sport boat? a. Salary of an engineer who rearranges plant layout b. Depreciation on plant and equipment c. Cost of the boat engine d. Cost of the customer service hotlineMatch the activity with the most appropriate cost driver. Group of answer choices fringe benefits electricity building depreciation cost drivers: Direct labor hours, Square feet, Machine hoursComplete this question by entering your answers in the tabs below. Required A Required B Required C Identify each cost as being a direct or indirect cost assuming the cost object is Ludmilla Construction Company as a whole. Items Wages of workers assigned to a specific construction project Supplies used by the Commercial Construction Division Labor on a particular house Salary of the supervisor of commercial construction projects Supplies, such as glue and nails, used by the Home Construction Division Cost of building permits Materials used in commercial construction projects Depreciation on home building equipment (small tools such as hammers or saws) Company president's salary Depreciation on crane used in commercial construction Depreciation on home office building Salary of corporate office manager
- TB MC Qu. 1-72 The cost of lubricants ... The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n): Multiple Choice indirect material cost. direct material cost. period cost. opportunity cost.5. Match the following cost pools and activities with the most appropriate cost driver. Group of answer choices a. number of parts b. square feet c. direct labor hours d. number of tests required e. machine hours f. machine setups g. number of orders received 1. setup cost pool? 2. assembly cost pool? 3. supervising cost pool? 4. testing cost pool? 5. ordering cost pool? 6. fringe…Classifying costs Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cost. If the cost is a product cost, further determine if the cost is direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and then determine if the product cost is a prime cost, conversion cost, or both. If the cost is a period cost, further determine if the cost is a selling expense or administrative expense (Admin). Cost (a) is answered as a guide
